Roman Abramovich's Tax Avoidance through Offshore Companies
January 28, 2025
Roman Abramovich, a wealthy Russian oligarch, appears to be using a complex tax avoidance system through offshore companies, allowing him to save millions in taxes. This information comes from an extensive investigation revealing how his yachts were rented out for commercial purposes, enabling him to evade VAT. His lawyers claim he has not violated any laws, but experts argue that these arrangements may amount to tax evasion. The details stem from the largest leak of information relating to Cyprus's offshore financial sector.